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Qualcomm reports quarterly loss

Updated: 08-11-2018 02:37 IST
Qualcomm Inc reported a loss in its fourth quarter on Wednesday, hurt by litigation expenses from its patent battles with customers including Apple Inc and a termination fee related to its collapsed NXP Semiconductors NV deal.

Revenue fell to $5.80 billion in the quarter ended Sept. 30, from $5.91 billion a year earlier.

Qualcomm's loss was $493 million, or 35 cents per share, compared with a profit of $168 million, or 11 cents per share, a year earlier. (Reporting by Sonam Rai in Bengaluru and Stephen Nellis in San Francisco; Editing by Anil D'Silva)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)